Meridian Financial Advisors LLC Makes New Investment in Invesco QQQ $QQQ

Meridian Financial Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 14,962 shares of the exchange traded fund’s stock, valued at approximately $8,983,000. Invesco QQQ accounts for 5.1% of Meridian Financial Advisors LLC’s holdings, making the stock its 4th biggest holding.

Several other large investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the 2nd quarter worth $30,000. Navigoe LLC increased its stake in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Moser Wealth Advisors LLC boosted its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Finally, Canoe Financial LP acquired a new stake in Invesco QQQ in the 3rd quarter valued at approximately $64,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2%

Shares of NASDAQ QQQ opened at $619.43 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The business’s 50 day moving average is $616.60 and its two-hundred day moving average is $588.56.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, December 22nd.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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